XML 38 R12.htm IDEA: XBRL DOCUMENT
v3.22.4

Segmented Information | 12 Months Ended
--- | ---
Dec. 31, 2022
Disclosure of operating segments [abstract] |
Segmented Information | NOTE 6. SEGMENTED INFORMATION The Corporation operates primarily in Canada, the United States and certain international locations, in two industry segments; Contract Drilling Services and Completion and Production Services. Contract Drilling Services includes drilling rigs, procurement and distribution of oilfield supplies, and the manufacture, sale and repair of drilling equipment. Completion and Production Services includes service rigs, oilfield equipment rental, and camp and catering services.
Year ended December 31, 2022 |  | Contract Drilling Services |  |  | Completion and Production Services |  |  | Corporate and Other |  |  | Inter- Segment Eliminations |  |  | Total |
Revenue |  | $ | 1,436,134 |  |  | $ | 187,171 |  |  | $ | — |  |  | $ | (6,111 | ) |  | $ | 1,617,194 |
Earnings before income taxes, loss on redemption and repurchase of unsecured senior notes, loss (gain) on investments and other assets, finance charges, foreign exchange, gain on asset disposals, and depreciation and amortization |  |  | 397,753 |  |  |  | 38,147 |  |  |  | (124,295 | ) |  |  | — |  |  |  | 311,605 |
Depreciation and amortization |  |  | 255,286 |  |  |  | 14,381 |  |  |  | 9,368 |  |  |  | — |  |  |  | 279,035 |
Gain on asset disposals |  |  | (25,495 | ) |  |  | (3,233 | ) |  |  | (1,198 | ) |  |  | — |  |  |  | (29,926 | )
Total assets |  |  | 2,574,867 |  |  |  | 179,226 |  |  |  | 122,030 |  |  |  | — |  |  |  | 2,876,123 |
Capital expenditures |  |  | 177,844 |  |  |  | 5,325 |  |  |  | 1,081 |  |  |  | — |  |  |  | 184,250 |
Year ended December 31, 2021 |  | Contract Drilling Services |  |  | Completion and Production Services |  |  | Corporate and Other |  |  | Inter- Segment Eliminations |  |  | Total |
Revenue |  | $ | 877,943 |  |  | $ | 113,488 |  |  | $ | — |  |  | $ | (4,584 | ) |  | $ | 986,847 |
Earnings before income taxes, loss on redemption and repurchase of unsecured senior notes, loss (gain) on investments and other assets, finance charges, foreign exchange, gain on asset disposals, and depreciation and amortization |  |  | 231,532 |  |  |  | 23,807 |  |  |  | (62,567 | ) |  |  | — |  |  |  | 192,772 |
Depreciation and amortization |  |  | 256,072 |  |  |  | 15,405 |  |  |  | 10,849 |  |  |  | — |  |  |  | 282,326 |
Gain on asset disposals |  |  | (7,673 | ) |  |  | (525 | ) |  |  | (318 | ) |  |  | — |  |  |  | (8,516 | )
Total assets |  |  | 2,392,382 |  |  |  | 127,233 |  |  |  | 142,137 |  |  |  | — |  |  |  | 2,661,752 |
Capital expenditures |  |  | 70,998 |  |  |  | 4,452 |  |  |  | 491 |  |  |  | — |  |  |  | 75,941 |
A reconciliation of earnings before income taxes, loss on redemption and repurchase of unsecured senior notes, loss (g a in) on investments and other assets, finance charges, foreign exchange, gain on asset disposals, and depreciation and amortization to net loss is as follows:
|  | 2022 |  |  | 2021 |
Earnings before income taxes, loss on redemption and repurchase of unsecured senior notes, loss (gain) on investments and other assets, finance charges, foreign exchange, gain on asset disposals, and depreciation and amortization |  | $ | 311,605 |  |  | $ | 192,772 |
Deduct: |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | 279,035 |  |  |  | 282,326 |
Gain on asset disposals |  |  | (29,926 | ) |  |  | (8,516 | )
Foreign exchange |  |  | 1,278 |  |  |  | 393 |
Finance charges |  |  | 87,813 |  |  |  | 91,431 |
Loss (gain) on investments and other assets |  |  | (12,452 | ) |  |  | 400 |
Loss on redemption and repurchase of unsecured senior notes |  |  | — |  |  |  | 9,520 |
Income taxes |  |  | 20,150 |  |  |  | (5,396 | )
Net loss |  | $ | (34,293 | ) |  | $ | (177,386 | )
The Corporation’s operations are carried on in the following geographic locations:
Year ended December 31, 2022 |  | United States |  |  | Canada |  |  | International |  |  | Total |
Revenue |  | $ | 745,630 |  |  | $ | 725,560 |  |  | $ | 146,004 |  |  | $ | 1,617,194 |
Total assets |  |  | 1,376,413 |  |  |  | 1,056,093 |  |  |  | 443,617 |  |  |  | 2,876,123 |
Year ended December 31, 2021 |  | United States |  |  | Canada |  |  | International |  |  | Total |
Revenue |  | $ | 398,024 |  |  | $ | 443,772 |  |  | $ | 145,051 |  |  | $ | 986,847 |
Total assets |  |  | 1,247,173 |  |  |  | 959,163 |  |  |  | 455,416 |  |  |  | 2,661,752 |

X
- Definition The entire disclosure for operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IFRS08_g20-24__IFRS08_g20-24_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfOperatingSegmentsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration